U.S. Treasury Bills

question 32

Multiple Choice

U.S. Treasury bills

• A)have the largest trading volume of any money market asset.
• B)have a default risk slightly greater than that of corporate bonds.
• C)have a maturity of at least two years.
• D)may only be purchased directly from the federal government.

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Definitions:

Unsold Goods

Items that have been produced or acquired for sale but have not been purchased by consumers, often leading to excess inventory for businesses.

Republicanism

A political ideology centered on citizenship in a state organized as a republic, emphasizing liberty, and the rule of law as opposed to hereditary monarchy.

Virtue

is a trait or quality deemed to be morally good and thus is valued as a foundation of good moral being. Personal virtues include traits such as integrity, courage, fortitude, honesty, and loyalty.

Political Process

The methods and actions taken to formulate and implement public policies or to elect individuals to government positions, involving participation by citizens, politicians, and institutions.